Angola National Bank keeps benchmark interest rates unchanged

29 August 2014

The monetary policy committee of the Angola National Bank (BNA) decided to keep benchmark interest rates unchanged, including the base rate or BNA rate at 8.75 percent, the Angolan central bank said Thursday.

The interest rates on the marginal lending and liquidity absorption facility have been kept at 9.75% and 1.75%, respectively, according to a statement sent to Macauhub.

In July, Luibor (Luanda Interbank Offer Rate) stood at 3.31 percent overnight and 7.33 percent and 9.56 percent for 3 and 12 months, respectively. In the forex market the average exchange rate rose 0.51 percent over the previous month to 97.08 kwanzas per dollar. (macauhub/AO)